The Indicator from Planet Money - Has the Fed lost the dot plot?

The Federal Reserve introduced a visual tool called the "dot plot" in 2012 to communicate where officials think interest rates should be in the coming years. The dot plot is eagerly dissected by Fed watchers looking for insight on future policy, but others think that the dot plot has become a visual example of just how little the Fed can predict where the economy is going.

Today on the show, we decode the dot plot and hear why some think that the Federal Reserve's artistic exercise should be scrapped altogether.

The Federal Reserve's latest dot plot (page 4)

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Cato Daily Podcast - David Boaz: The Libertarian Exponent

David Boaz was an intellectual leader of the Cato Institute for four decades and a libertarian thinker of the first order. In addition to his speeches, books, and clear-headed communication of libertarian ideas in the public sphere, David was a friend and mentor. David passed away on June 7, 2024. Aaron Ross Powell, founding director of Libertarianism.org, and Cato Senior Fellow Tom G. Palmer discuss the work and legacy of David Boaz.

Related:
The Libertarian Mind by David Boaz
The Libertarian Reader edited by David Boaz
David Boaz: Liberty’s North Star” by Aaron Ross Powell
David Boaz Is with Us” by Tom G. Palmer
The Separation of Art and State” by David Boaz
The Crisis in Drug Prohibition edited by David Boaz
David Boaz: ‘Now It’s Your Turn’” featuring David Boaz and Caleb O. Brown


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More or Less: Behind the Stats - Leaflets, taxes, oil workers and classrooms

What?s going on with the dodgy bar charts that political parties put on constituency campaign leaflets?

What?s the truth about tax promises?

Are 100,000 oil workers going to lose their jobs in Scotland?

Will class sizes increase in state schools if private schools increase their fees?

Tim Harford investigates some of the numbers in the news.

Presenter: Tim Harford Reporter: Kate Lamble Producers: Nathan Gower, Beth Ashmead-Latham, Debbie Richford Production coordinator: Brenda Brown Sound mix: Neil Churchill Editor: Richard Vadon

The Indicator from Planet Money - Is the ‘border crisis’ actually a ‘labor market crisis?’

Politicians on both sides of the aisle call the surge at the US Southern Border a "border crisis."

One camp says we need to focus on addressing the conditions in other countries that cause people to leave. The other says we have to focus on deterrence and enforcement.

But...what if both camps are actually ignoring a major piece of the picture? Today on the show, an overlooked cause and potential solution to the situation at our southern border that has nothing to do with the border at all.

Related episodes:
Why Venezuela is no longer in freefall
Welcome to the USA! Now get to work.

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The Indicator from Planet Money - Is chicken getting cheap? And other questions

We are back to answer your questions that you, our listeners, have been sending. On today's show, is chicken actually getting cheaper? Why doesn't the Federal Reserve use different interest rates around the country? And: is election spending an indicator of economic health?

If you have a question you'd like us to answer, email us at indicator@npr.org.

Related episodes:
Can an old law bring down grocery prices? (Apple / Spotify)
How political campaigns raise millions through unwitting donors
How mortgage rates get made
The rat under the Feds hat (Apple / Spotify)
The interest-ing world of interest rates (Apple / Spotify)

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More or Less: Behind the Stats - Why medical error is not the third leading cause of death in the US

The claim that medical error is the third leading cause of death in the US has been zooming around the internet for years.

This would mean that only heart disease and cancer killed more people than the very people trying to treat these diseases.

But there are good reasons to be suspicious about the claim.

Professor Mary Dixon-Woods, director of The Healthcare Improvement Studies Institute, or THIS Institute, at Cambridge University, explains what?s going on.

Presenter: Tim Harford Series producer: Tom Colls Production coordinator: Brenda Brown Sound mix: Nigel Appleton Editor: Richard Vadon

The Indicator from Planet Money - Ghost jobs

Today's jobs report shows a slight rise in unemployment to 4%. And some frustrated job seekers are growing tired of applying for job after job with no replies, sometimes asking whether the listings are even real. And this isn't just vexing for applicants. It's also haunting economists when trying to figure out how much slack there is in the labor market, and whether interest rates should be raised or lowered. Today on the show: the rise of ghost jobs. Where they're happening and why.

Related episodes:
Not too hot, not too cold: a 'Goldilocks' jobs report
The Beigie Awards: From Ghosting to Coasting

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The Indicator from Planet Money - Why California’s high speed rail was always going to blow out

99.5 percent of megaprojects are either over time, over budget or have lower benefits than expected. What's going wrong? Today, we look at case studies from California's high speed rail project to the Sydney Opera House to consider the do's and don'ts of ambitious projects.

Bent Flyvbjerg and Dan Gardner's book on megaprojects is How Big Things Get Done: The Surprising Factors that Determine the Fate of Every Project, from Home Renovations to Space Exploration and Everything In Between.

Related episodes:
Why building public transit in the US costs so much (Apple / Spotify)
Planes, trains and bad bridges (Apple / Spotify)

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